A man from California was sentenced to 51 months in prison for his role in the laundering of $ 36.9 million in a cryptographic investment scam which was carried out in Cambodian scam centers, according to a press release published by the Ministry of Justice.
The interim prosecutor general of the Ministry of Justice, Matthew G. Galeotti, said that the defendant was involved in a group “attacking American investors” by promising them high yields of cryptographic investments.
The blockchain security company, the co-founder Elliptic, Tom Robinson, told Coindesk that “some of the victims’ funds in this case had been bleached by the international payments of Huione, which worked through the Huione guarantee”.
Huione was a huge telegram -based market that was closed in May on the basis of Elliptic’s intelligence, it was estimated that it had facilitated up to $ 98 billion in illicit cryptographic transactions since 2014.
The defendant in this case was the former co -owner of Axis Digital, based in the Bahamas, who, according to the Ministry of Justice This was then distributed in Cambodia.
Eight co-conspirators have also pleaded guilty so far, notably Daren Li, a national from China and St. Kitts and Nevis who have been in police custody since April 2024 for separate money laundering.
